readCrypto

DXY : Located in the recession border zone

readCrypto Mod Updated   
TVC:DXY   U.S. Dollar Index
Hello?
Hello traders!

If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.

-------------------------------------

(DXY chart)
If it rises above the 105.664-106.416 range and maintains the upward trend, the investment market is expected to fall into a recession.

Accordingly, the key is whether the price can fall below the 105.664-106.416 range and maintain the downward trend.

--------------------------------------------

(SPX500USD chart)
On the 1D chart, it is falling below the HA-Low indicator, showing a short-term downward trend.

However, since it has not fallen below the HA-Low indicator on the 1W chart or 1M chart, it cannot be said that it has yet turned into a downward trend from a mid- to long-term perspective.

Therefore, it is expected that it will rise above 4369.8 to break out of the short-term downtrend.

-------------------------------------------------

(NAS100USD chart)
The NAS100USD chart does not show a short-term downtrend yet.

Therefore, the key is whether it can rise above 14797.1 and maintain the upward trend.

--------------------------------------------------

- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

-------------------------------------------------- -------------------------------------------

** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

---------------------------------
Comment:
(DXY chart)
It shows a decline below the 105.664-106.416 range.

If it meets resistance and falls around 105.664-106.416, the investment market is expected to become active again.
Comment:
(DXY chart)
If DXY rises above the 105.664-106.416 range, there is a possibility that the investment market will begin a recession.

Accordingly, the key is whether it can fall below the 105.664-106.416 range.
Comment:
(SPX500USD chart)

(NAS100USD chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.